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Obserwator Finansowy features views and analysis of economy in Poland and other countries, written by some of the best journalists, economists and analysts. Our mission is to share knowledge of economics and financial markets in the world.
Obserwator Finansowy is a project under aegis of the Poland’s central bank, Narodowy Bank Polski. We have published thousands of articles about the Polish and global economy. Our journalists have conducted hundreds of interviews with Nobel laureates, distinguished economists, business leaders and politicians with views across the political spectrum.
In this section you can find selected articles in English.

War in Ukraine opens Europe’s eyes to energy security
Michał KozakThe Ukrainian crisis has shown that energy security in Central and Eastern Europe, particularly as regards the supply of natural gas, is not at all as certain as it seemed until recently.

Mergers and acquisitions in Hungary at USD9.1bn
Jo HarperOver 600 merger-and-acquisitions transactions were undertaken in Hungary in the period of 2010-2015, with a total value of more than USD9.1bn, EY said in a market analysis.

In Estonia profits in business sector down 12 per cent in the first quarter
Jo HarperTotal profits in the Estonian business sector were EUR521m in Q1’16, 12 per cent down on the same period a year ago.

Skoda eyes US market entry
Jo HarperVolkswagen, facing trouble over alleged diesel fraud, is considering bringing its Skoda line to the US and is evaluating the possibility of entering North American markets in which it currently does not sell cars.

Czech company to invest EUR10m in Croatian tourism
Jo HarperCzech company Odien Group is investing around EUR2m in a resort in Podstrana in Croatia by the end of this year, with another EUR8m in the next three years. This after taking over the Le Méridien Lav hotel and marina near...

Germans are afraid of Polish companies
Andrzej GodlewskiGermans are criticizing the free market when their companies are beginning to lose with Polish companies.

Croatia could ditch LNG terminal on island of Krk from list of strategic projects
Jo HarperThe Croatian economy ministry is thinking about removing the planned liquefied natural gas (LNG) terminal on the northern island of Krk from its list of strategic investment projects.

Polish competition watchdog could delay Nordstream 2
Jo HarperPoland has for a while been attempting to build a coalition against extensions to the Nordstream 2 gas pipeline linking Russia and Western Europe via Germany – avoiding Ukraine and Poland.

The reform of the Ukrainian railways is a mission and a test
Michał KozakWithout government’s support I will not be able to modernize and change the Ukrainian State railways “Ukrzaliznytsia,” says its CEO Wojciech Balczun.

The third wave of banking innovations
Jacek RamotowskiBanks are experiencing yet another wave of innovation, which is set to fundamentally change how they provide services.